BRITAIN’S builders, electricians, and farmers are set to be hit hard by a stealth tax bombshell buried in the Budget.
A new rule will soon classify double-cab pickups – the workhorses of tradespeople – as company cars for tax purposes.
This change, effective April 2025, could increase the tax burden on a typical double-cab pickup by as much as 211 per cent, according to analysis by the Countryside Alliance.
This is because, for the purposes of capital allowances, benefits in kind (BIK) and some deductions from business profits, these vehicles will no longer be treated as essential tools of the trade.
The campaigning group says a typical Nissan Navara Tekna, priced at £33,265 and emitting 167g/km of CO2, will see its BIK rise from £3,960 to £12,308.
And …